UPDATE 1-Judge grants bid for Delphi stock owners committee

Newswire

(Adds detail, background) NEW YORK, March 22 (Reuters) - A U.S. bankruptcy judge on Wednesday granted a motion by one of Delphi Corp.'s largest shareholders to create a committee to represent the interests of stock owners in the auto parts maker's reorganization. Appaloosa Management LLC, a hedge fund headed by David Tepper that holds 9.3 percent of Delphi shares, sought the separate committee, arguing that Delphi overstated liabilities when it filed for bankruptcy last October. In ...

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